In most stablecoin lineups, Circle’s USDC would hold this spot because its $78 billion market capitalization trumps that of RLUSD’s $1.3 billion. But as Massad pointed out, stablecoin performance has more to do with being able to move money efficiently than its total supply.Ripple Labs’ stablecoin, RLUSD, swiped the second spot with a velocity of 71. That means, on average, every RLUSD token has changed hands 71 times since the start of the year.But that’s not stopped the company from turning a hefty profit ...

Financial Performance - Sky Protocol's annualized net profit reached $168 million, a 24.4% year-over-year increase [1] - Operating expenses decreased by 61.5% [1] Stablecoin Performance - USDS stablecoin supply increased by 86% [1] Capital Allocation - Buybacks increased significantly from $367 thousand to $92.2 million [1]

Another key driver is the rise o f tokenized U.S. Treasuries , whose supply exceeded $3 billion this year, a 10x increase in about two years, showing “significant institutional appetite for yield-backed digital dollars.”“Institutions and fintech platforms are integrating stablecoins as payment and settlement tools. Circle processed more than $12 trillion on-chain transaction volume in 2023, demonstrating how quickly stablecoins are becoming mainstream financial infrastructure.”“Institutions will demand stab ...

ICYMI: @SkyEcosystem's USDS holder base has grown ~500% since the start of the year. https://t.co/FTmjU6mrjLVance Spencer (@pythianism):I've gotten a few questions about which VCs own Sky given that there is no more vesting/unlocks/cliffsSold all- Paradigm (7%)- A16z (6%)- Bain (2-4%)- Syncracy (1%?)Sold most- Dragonfly (4-5%)- Parafi (3-4%)Afaik, Framework is the only VC that holds Sky in large size ...

RT Token Terminal 📊 (@tokenterminal)Fastest growing tokenized assets on @base, based on 30d growth (%) in market cap:1. USTBL by @spiko, +71.5%2. EURC by @circle, +21.6%3. EUTBL by Spiko, +20.8%4. USDS by @SkyEcosystem, +5.1%5. USDC by Circle, +4.6% https://t.co/SEOhSft111 ...

🟦🇪🇺 Base turning into the EURO chain?Token Terminal 📊 (@tokenterminal):Fastest growing tokenized assets on @base, based on 30d growth (%) in market cap:1. USTBL by @spiko, +71.5%2. EURC by @circle, +21.6%3. EUTBL by Spiko, +20.8%4. USDS by @SkyEcosystem, +5.1%5. USDC by Circle, +4.6% https://t.co/SEOhSft111 ...

Fastest growing tokenized assets on @base, based on 30d growth (%) in market cap:1. USTBL by @spiko, +71.5%2. EURC by @circle, +21.6%3. EUTBL by Spiko, +20.8%4. USDS by @SkyEcosystem, +5.1%5. USDC by Circle, +4.6% https://t.co/SEOhSft111 ...

RT Keel (@keel_fi)The fastest-growing Tokenized Asset on @solana over the last 30 days is $USDS. ...

Market Overview - The crypto market is experiencing "extreme fear" following a sell-off, with Bitcoin trading around $87,000, down from a high of $92,350 last week, indicating a lack of recovery and eroded investor confidence [1] - The altcoin market is also struggling, with several tokens, particularly privacy coins, posting losses of over 5% in the last 24 hours [2] Performance Metrics - Bitcoin has retraced almost the entire rally from November 21-28, underperforming U.S. equities, which saw the Nasdaq Composite Index rise by 6.6% during the same period [2] - Open interest in futures tied to Bitcoin (BTC), Ethereum (ETH), and XRP has declined by as much as 6% in the past 24 hours, reflecting diminished investor confidence [5] Volatility and Derivatives - Bitcoin's 90-day annualized basis has collapsed to cycle lows of around 4%-5%, while Ether's basis is nearing 3%-4%, indicating a significant drop in futures versus spot prices [5] - The 30-day implied volatility index for Bitcoin is rising relative to Wall Street's VIX index, suggesting heightened uncertainty in the crypto market [5] Altcoin Performance - The altcoin market continues to lag, with Ether and XRP each sliding by approximately 0.6% in 24 hours, while Bitcoin posted a slight gain of 0.75% [5] - Privacy coins, particularly Zcash (ZEC), have been severely impacted, with an 8% decline in the last 24 hours and a total drop of 33% over the past week [5] DeFi Interest - The "altcoin season" indicator remains stagnant at 24/100, indicating a preference for Bitcoin and select DeFi tokens despite the overall market decline [5] - SKY, formerly MKR, saw a 6.7% increase after announcing token buybacks, while the USDS token's market cap grew from $7.6 billion to $9.5 billion in two months, attracting DeFi interest [5]

May we ship you a weekly newsletter? 🚢Charts did what charts do but Solana’s ecosystem ran through the mud to deliver. Synergy architects and devs alike put in work and the sun rose on a new listing platform.Here's everything we remember that happened:📰 Headline News- @Sunrise_DeFi to debut Solana’s first ever day one listing on Solana with Monad- @Fidelity, @vaneck_us, @CanaryFunds and @21shares_us launched Solana ETFs- @HastraFi announced DeFi-ready RWAs with @Figure- @coinbase doubled down on Solana with ...